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EU envoys agree 21st sanctions package against Russia targeting banks

EU envoys agree 21st sanctions package against Russia targeting banks

By Julia Payne, Philip Blenkinsop and Andrew Gray BRUSSELS, July 23 (Reuters) - European Union envoys agreed on a 21st sanctions package against Russia over its war in Ukraine, imposing curbs on its banking sector while also finding a compromise with Greece to soften restrictions on Russian LNG,
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Google hit with $1 billion EU fine, in 'constructive' talks to avoid more penalties

Google hit with $1 billion EU fine, in 'constructive' talks to avoid more penalties

By Foo Yun Chee BRUSSELS, July 23 (Reuters) - Alphabet's Google was fined a total of €890 million ($1 billion) on Thursday for flouting European Union rules aimed at reining in the power of Big Tech, the European Commission said.
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Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead

Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead

By Foo Yun Chee BRUSSELS, July 22 (Reuters) - Paramount Skydance Corp on Wednesday gained European Union antitrust approval for its $110 billion acquisition of Warner Bros Discovery after agreeing to ditch a film distribution joint venture with Universal Pictures.
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Germany Considers French Offer for SAMP/T Air Defense Collaboration

Germany Considers French Offer for SAMP/T Air Defense Collaboration

Germany is evaluating a proposal from French President Emmanuel Macron to collaborate on the French-Italian SAMP/T air defense system. This offer was discussed at a recent bilateral summit, with German Defense Minister Boris Pistorius expressing openness to the idea. The SAMP/T system is Europe's only locally made long-range air defense alternative to the U.S. Patriot system. Germany's potential involvement would enhance European defense capabilities and reduce reliance on U.S. systems. The proposal includes co-production and technology development over the next decade.
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Non-Aligned Movement's Role in Global South's Strategic Autonomy Amidst Power Rivalry

Non-Aligned Movement's Role in Global South's Strategic Autonomy Amidst Power Rivalry

The Non-Aligned Movement (NAM), established in 1961, continues to influence the strategic autonomy of the Global South amidst increasing global power rivalries. The movement, which draws ideological inspiration from the Afro-Asian Bandung Conference of 1955, remains relevant in multilateral platforms such as the United Nations and the International Solar Alliance. Despite the changing global context, countries in the Global South maintain relationships with multiple power poles, including the US, EU, Russia, and China, balancing their ties to navigate the complex geopolitical landscape. This balancing act is a testament to the enduring influence of NAM's principles of nonalignment and strategic autonomy.
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US politicians pitch aviation, space business at Farnborough Airshow

US politicians pitch aviation, space business at Farnborough Airshow

By David Shepardson FARNBOROUGH, England July 22 (Reuters) - The U.S. boosted the size of its pavilion at the Farnborough Airshow by 22% this year, and U.S. politicians were out in force, vying with European rivals for investment from aerospace, defence, and space companies as the industries boom. 
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US lawmakers urge Trump to act against EU tech rules, suggest trade probes

US lawmakers urge Trump to act against EU tech rules, suggest trade probes

By Foo Yun Chee BRUSSELS, July 21 (Reuters) - A group of 25 U.S. lawmakers has written to U.S. President Donald Trump urging him to act against Europe's tech rules including launching trade investigations, saying EU digital policies unfairly target U.S. Big Tech. 
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Christopher Nolan's 'The Odyssey' Sparks Controversy Over Filming in Disputed Western Sahara

Christopher Nolan's 'The Odyssey' Sparks Controversy Over Filming in Disputed Western Sahara

Christopher Nolan's 'The Odyssey' Sparks Controversy Over Filming in Disputed Western Sahara
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Analysis-Investors see pollution plan silver lining in EU carbon overhaul

Analysis-Investors see pollution plan silver lining in EU carbon overhaul

By Simon Jessop and Kate Abnett LONDON, July 21 (Reuters) - A European Union plan to tie free pollution permits to investments in decarbonisation could enhance corporate accountability, investors said, despite concerns that a broader overhaul of the Emissions Trading System (ETS) may weaken
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European Commission Fines AliExpress 550 Million Euros for Unsafe and Counterfeit Goods

European Commission Fines AliExpress 550 Million Euros for Unsafe and Counterfeit Goods

The European Commission has imposed a record fine of 550 million euros ($629 million) on AliExpress, a Chinese online marketplace, for failing to adequately address the sale of unsafe and counterfeit products on its platform. This penalty is the largest ever under the European Union's Digital Services Act, which aims to protect consumers from harmful online content. The fine follows a preliminary ruling in June 2025, which found AliExpress lacking in its efforts to combat illegal product sales. The company has been given until October 20 to submit an action plan to rectify these issues. AliExpress has expressed disagreement with the fine, citing its ongoing commitment to compliance and consumer protection.
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French Lawmakers Push for Under-15 Social Media Ban Amid EU Compliance Concerns

French Lawmakers Push for Under-15 Social Media Ban Amid EU Compliance Concerns

French lawmakers have reached a compromise on a bill that aims to ban social media use for children under 15, potentially coming into effect by the new school year in September. The bill, strongly supported by French President Emmanuel Macron, also includes a ban on mobile phone use in high schools. The legislation faced challenges from the European Commission, which found it not fully compatible with EU law. After negotiations, lawmakers agreed on a blanket ban, leaving EU authorities to ensure compliance with age restrictions. The bill is designed to align with the EU Digital Services Act, which aims to protect internet users. The legislation excludes online encyclopedias and educational platforms. If passed, the law will take effect after August 10, following the EU's notification period.
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EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods

EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods

The European Commission has fined AliExpress 550 million euros for failing to curb the sale of unsafe and counterfeit products